PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1513602
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1513602
Wood Plastic Composite Flooring Market Size - By Product, By Thickness, By End Use & Forecast, 2024 - 2032
Wood Plastic Composite Flooring Market size is expected to record 7.1% CAGR between 2024 and 2032, due to its rising popularity as an attractive option in both residential and commercial sectors as it is highly durable and moisture resistant.
Wood plastic composite (WPC) flooring requires minimal maintenance, which is appealing to busy homeowners and businesses. This flooring provides long-lasting and low-maintenance solutions to ensure its continued popularity and widespread adoption in various settings. As the market is growing, more people are recognizing the benefits of WPC flooring and securing its place in modern flooring solutions. For instance, in September 2022, Fiberon launched Wildwood composite cladding, a product designed for durability and low maintenance.
The overall industry is segmented into product, thickness, end-use, and region.
In terms of product, the polypropylene segment experienced significant growth in 2023 and will witness 7.6% CAGR through 2032 due to its higher popularity for its enhanced durability, high resistance to moisture, and superior performance in various applications. It is proving to be an attractive option for both residential and commercial use. Polypropylene offers innovative solutions that meet the evolving consumer demands. As more industries are recognizing its benefits, polypropylene-based WPC flooring will be solidifying its position as a preferred flooring material.
Based on end use, the WPC flooring market from the industrial and consumer goods segment is projected to experience significant growth at 7.8% CAGR from 2024 to 2032. This is driven by the rising demand among consumers due to the versatile nature of WPC flooring, making it suitable for various industrial and consumer applications. As businesses and consumers seek durable, low-maintenance flooring solutions, the demand for WPC flooring is steadily rising. The rising focus on offering innovative and sustainable flooring options to meet evolving needs and preferences will add to the segment growth.
Europe wood plastic composite industry size is likely to record 6.2% growth rate through 2032, propelled by ongoing urbanization and changing lifestyles across the region. As the urban population is increasing and consumer preferences are evolving towards modern and sustainable living spaces, the demand for wood plastic composite products, including flooring, is steadily rising. The growing demands of the increasingly urbanized and environmentally conscious European market will favor the industry development.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Disruptions
- 3.1.3 Future outlook
- 3.1.4 Manufacturers
- 3.1.5 Distributors
- 3.2 Regulatory landscape
- 3.3 Impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Increasing demand for eco-friendly flooring
- 3.3.1.2 Growing construction industry
- 3.3.1.3 Growing urbanization
- 3.3.1.4 Increasing disposable income
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 Government regulations regarding the production of WPC
- 3.3.2.2 Limited customization
- 3.3.1 Growth drivers
- 3.4 Consumer buying behavior analysis
- 3.4.1 Demographic trends
- 3.4.2 Factors affecting buying decision
- 3.4.3 Consumer product adoption
- 3.4.4 Preferred distribution channel
- 3.4.5 Preferred price range
- 3.5 Growth potential analysis
- 3.6 Porter's analysis
- 3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product, 2021 - 2032, (USD Million) (Thousand Units)
- 5.1 Key trends
- 5.2 Polyethylene
- 5.3 Polypropylene
- 5.4 Polyvinylchloride
- 5.5 Others (Polylactic Acid (PLA))
Chapter 6 Market Estimates & Forecast, By Thickness, 2021 - 2032, (USD Million) (Thousand Units)
- 6.1 Key trends
- 6.2 Up to 4mm
- 6.3 5 mm
- 6.4 5.5 mm
- 6.5 6.5 mm
- 6.6 Above 8 mm
Chapter 7 Market Estimates & Forecast, By End Use, 2021 - 2032, (USD Million) (Thousand Units)
- 7.1 Key trends
- 7.2 Building and construction
- 7.2.1 Decking
- 7.2.2 Molding & siding
- 7.2.3 Fencing
- 7.3 Automotive components
- 7.4 Industrial and consumer goods
- 7.5 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032, (USD Million) (Thousand Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)
- 9.1 Advanced Environmental Recycling Technologies, Inc. (AERT)
- 9.2 Armstrong Flooring (Afi Licensing LLC)
- 9.3 Axion Structural Innovations LLC
- 9.4 Beologic N.V.
- 9.5 CertainTeed Corporation
- 9.6 Fiberon, LLC
- 9.7 FKur Kunststoff GmbH
- 9.8 Jelu-Werk Josef Ehrler GmbH & Co. KG
- 9.9 LVM Holding LLC (Shaw Floors)
- 9.10 Mannington Mills
- 9.11 PolyPlank AB
- 9.12 Renolit
- 9.13 TAMKO Building Products, Inc.
- 9.14 TimberTech
- 9.15 Trex Company, Inc.
- 9.16 Universal Forest Product
- 9.17 Wpc - Woodplastic A. S.
